“Prices for crude oil and gasoline continued an uninterrupted uptrend, and most traders held onto their profitable long positions.”

All eight BarclayHedge managed futures indices were positive in May. The Diversified Traders Index was up 1.73%. Diversified Traders have gained an impressive 13.53% in the first five months of 2008.

“In addition to taking advantage of favorable commodity markets, CTAs trading diversified portfolios were able to profit from a steepening yield curve in the U.S., rising stock prices in North American markets, and a strengthening of the Aussie dollar,” says Waksman.